Valentin Pfisterer’s practice focuses on corporate, securities and banking matters, in particular corporate and capital markets transactions and capital markets and financial institutions regulation.

Valentin joined the firm in 2014.

Notable Experience

Capital Markets

  • Deutsche Bank in its €8 billion capital increase, conducted as an offering of 687.5 million new shares with subscription rights

  • Deutsche Telekom in various notes offerings

  • Germany’s Financial Market Stabilization Agency (FMSA) in connection with the privatization and the €1.16 billion IPO of Deutsche Pfandbriefbank AG (pbb)

  • The underwriters in the €380 million initial public offering of Siltronic AG, a subsidiary of WACKER Chemie AG

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Financial Regulatory

  • A sovereign wealth fund in its acquisition of regulated entities in Germany

  • TPG and other sponsors in regulatory matters relating to the establishment and marketing of various funds in Europe

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Mergers and Acquisitions

  • Citi, Goldman Sachs, and other financial advisors in connection with the issuance of  fairness opinions in the context of acquisitions and divestitures

  • Amundi in the acquisition of asset manager Pioneer from Unicredit and in the subsequent reorganization of its German asset management business

  • LVMH in its acquisition of RIMOWA

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Selected Activities

Research Assistant, Max Planck Institute for Comparative Public Law and International Law in Heidelberg, 2010-2012

Publications

The EU Prospectus Regulation and German “Implementing” Legislation – More Flexibility for Issuers, Tougher Sanctions and a More Powerful Regulator,” Cleary Gottlieb Alert Memo, March 8, 2019 (with Gabriele Apfelbacher, Manuel Metzner, and Claudius Straub)

The New Prospectus Regulation – The Story So Far,” Cleary Gottlieb Alert Memo, March, 7 2019 (co-author)

GIR Know How: Securities and Related Investigations”, co-author of Germany chapter, 2018, 2017, 2016, 2015 updates (with Dr. Thomas Kopp).

“The Elephant in the European Corporate Bond Market Room – Understanding the ECB’s Corporate Sector Purchase Programme”, Butterworth’s Journal of International Banking and Financial Law, May 2017

“‘Finanzprivatsphäre‘ in Deutschland“, Jahrbuch des Öffentlichen Rechts der Gegenwart, May 2017

“‘Finanzprivatsphäre’ in Europa”, Europarecht, October 2016

“Strukturiert oder nicht,” Börsen-Zeitung, October 1, 2016 (with Dr. Gabriele Apfelbacher and Michael Kern)

Transformation of European Capital Markets Law – Challenges for Asset Managers,” The Banking Law Journal, October 2016 (with Manuel Metzner)

“Auf dem Weg zu einem europäischen Regelwerk für darlehensvergebende Fonds?” Recht der Finanzinstrumente, 2016 (with Manuel Metzner)

“What the AIFMD Passport Means for US Funds,” International Financial Law Review, September 2016 (with Manuel Metzner).

“Direct Lending by Funds: Transformation of the Legal Regimes in Europe,” The Banking Law Journal, September 2016 (with Carlo de Vito Piscicelli, Amélie Champsaur, Fabio Saccone, Robin Barriere and Manuel Metzner).

Between a Rock and a Hard Place – Legal Pitfalls of Voluntary Cooperation of German Companies with German and Foreign Regulatory and Law Enforcement Authorities,” Compliance Elliance Journal, 2016 (with Dr. Thomas Kopp).

Marketing Funds in Germany may soon be more difficult,” Law360, July 2016 (with Manuel Metzner).

Direct Lending in Europe: Recent Developments,” Oxford Business Law Blog, March 2016 (with Carlo de Vito Piscicelli, Amélie Champsaur, Fabio Saccone, Robin Barriere and Manuel Metzner).

Know Your Rank – Germany’s SRM law facilitates bail-in of bank bonds,” International Financial Law Review, December 2015/January 2016 (with Dr. Gabriele Apfelbacher and Michael Kern).

In the Balance – Germany Relaxes AIF Lending Rules,” International Financial Law Review, November 2015 (with Manuel Metzner).

Current Trends in German M&A,” Cleary M&A and Corporate Governance Watch, October 2015 (with Dr. Oliver Schröder).

“Vorauseilender Gehorsam? Die Übermittlung personenbezogener Daten durch Unternehmen im Rahmen freiwilliger Kooperation mit Aufsichts- und Ermittlungsbehörden”, Corporate Compliance Zeitschrift, 2015 (with Dr. Thomas Kopp).

“Unternehmensprivatsphäre” (Corporate Privacy), 2014.

“Walking a Fine Line – A Contextual Perspective on the Purchase of ‘Stolen’ Banking Data by German Authorities,” German Law Journal, 2013